Liontrust profits sink by a further 28% as AUM continues to decline

Job cuts of around 25 staff

Liontrust Asset Management reported another six months of plummeting profits after the UK active manager saw a 28% year-on-year decline in adjusted profits before tax to £25.8m.

In its half year results published today (21 November), the firm reported its adjusted profits for this year slump from the £36 million reported in 2023, driven by an 19% fall in net revenues to £81.1m. This was partly offset by a 36% decline in operating expenses year-on-year to £69.8m.  In October, Liontrust reported a 4% slump in assets under management and advice (AuMA) over the three months ended 30 September 2024, a figure which has declined further to £25.2bn since then.  Peel Hunt analysts Robert Sage and Stuart Duncan noted that although "declining AUM is unhelpful, but mid s...